HomeMy WebLinkAbout2023-03-30 TROC Results
Timber Ridge Operating CommitteeResults
Thursday, March30, 2023
10:00AM 11:00AM
Zoom Virtual Meeting
75 South Frontage RoadWest, Vail, CO 81657
MembersPresent:Members Absent:
Kathleen Halloran, Deputy Town ManagerRussell Forrest, Town Manager
George Ruther, Housing Director Greg Hall, Public Works Director
Carlie Smith, Finance DirectorJohn King, Facilities Manager
Corum Property Management:
Erica Weston Regional Portfolio Manager
JocelynGarciaProperty Manager
Staff:
Missy Johnson, Housing Coordinator
A quorum of the Timber Ridge Operating Committee (Committee) members being
present the meeting was called to order at 10:00AM.
The approval of February minutes wasmoved to the next meeting because a quorum
that had been present at the February meeting was not present.
The committee discussed the process for large expenditure items with the request from
finance to notify the financeteam when an item is expected to be added through
supplemental.
The committee discussed the upcoming timelines and the Vail Resorts Master Lease
renewal.
Ruther provided an update regarding the Timber Ridge Projectand the team discussed
the key next steps around the Timber Ridge Tenant Communications plan which will
come from Corum regarding lease renewals, opportunity to exit leases early without
penalty and the reminder of deposits to cover costs of damages if necessary.
Scenarios were discussed regarding the transfer or deposits from one community
housing to the next but final decisions were not made.
The Committee agreed no further business to discuss.
Meeting adjourned at 10:35AM.
Next Meeting April 25, 2023.
Respectfully submitted.
Missy Johnson, Housing Coordinator